***First Open House Sunday 1-3pm***. Nestled on a tree-lined street in Takoma’s Silver Spring Park, this move-in ready 5BR/5.5BA custom home, built in 2017, blends timeless charm with modern finishes. From picture molding and sliding barn doors to whimsical wallpaper and soaring ceilings - every room offers something "special"! The chef’s kitchen features crisp white shaker cabinetry, brass hardware, quartz countertops, herringbone backsplash and dramatic navy center island. Premium stainless appliances include a Wolf gas range, sculptural hood, double wall ovens and hidden microwave. The oversized walk-in pantry is conveniently tucked off the butler’s wine bar leading to the light filled formal dining room. The open-concept family room with stone rare to find WOOD BURNING Fireplace with convenient gas started that overlooks the peaceful backyard, while the breakfast area opens directly to an inviting screened porch with vaulted beadboard ceilings — the perfect setting for morning coffee, al fresco dinners, or relaxed gatherings just off the kitchen. Upstairs, ensuite bedrooms each with private baths provide comfort and privacy for all. The luxurious owner’s retreat offers dual walk-in closets, custom window treatments and a spa-inspired bath with separate vanities, and rare to find *Bain Ultra* (non bacterial) jacuzzi soaking tub and walk in glass shower. The main room has lux extras including tray ceiling, center chandelier and power blinds for ultimate sleep success. Upper level laundry unlike spec homes offers L-shape kitchen like cabinets with folding counters completing the second floor. The fully finished lower level offers exceptional flexibility with a private guest suite and full bath, large family room, music lounge/speakeasy retreat, dedicated workstation, fitness area, and sauna space — creating the perfect extension for entertaining, working from home, guests, or everyday relaxation. Outside, enjoy a fully fenced backyard with generous green space for play, pets, or entertaining, anchored by a welcoming screened porch and grilling patio that create seamless indoor-outdoor living. Ideally located just moments from Downtown Silver Spring, Takoma Park, Metro access, parks, dining, and shopping, this exceptional home offers the perfect blend of character, comfort, and convenience. ***Takoma Park Middle School / Montgomery Blair High School - both offer MCPS Magnet Programs***
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
